China molybdenum market is still in a stalemate as a result of sluggish stainless steel industry. As steel mills are not active in purchasing raw materials, prices of steel biddings are under pressure and market confidence is weakened. Some of them even consider profit-taking for more sales to ease pressure of funds while others transfer their stress to the cost side. 

Praseodymium neodymium oxide price declines slightly but neodymium oxide and dysprosium oxide prices keep stable in the Chinese market as a result of continued weakness in demand side, capital shortage at the end of this year and thin market trading. In the short term, rare earth prices are expected to decline slightly. 

Analysis of latest tungsten market from ChinaTungsten Online

China tungsten market is caught in heavy wait-and-see atmosphere with the approaching of New Year’ Day and increased financial pressure. Downstream factories remain low interests in stocking up while sales of raw materials become more difficulty. High production costs support mines’ rised mentality.

The latest prices of molybdenum concentrate and molybdenum oxide drop slightly while molybdenum powder price maintains stability in Chinese market. On the one hand, market confidence is weakened by poor performance in downstream steel market; on the other hand, as production costs of raw materials keep firm, manufacturers’ profits decrease sharply.